Lodestar Private Asset Management LLC Purchases 2,825 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Lodestar Private Asset Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 133,091 shares of the company’s stock after acquiring an additional 2,825 shares during the period. Invesco NASDAQ 100 ETF makes up about 3.5% of Lodestar Private Asset Management LLC’s portfolio, making the stock its 5th largest position. Lodestar Private Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $28,009,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC increased its stake in Invesco NASDAQ 100 ETF by 6.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock valued at $240,000 after acquiring an additional 74 shares during the last quarter. Creative Planning grew its stake in shares of Invesco NASDAQ 100 ETF by 11.6% in the third quarter. Creative Planning now owns 20,672 shares of the company’s stock worth $4,152,000 after purchasing an additional 2,149 shares during the last quarter. Assetmark Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 60.8% during the third quarter. Assetmark Inc. now owns 751 shares of the company’s stock worth $151,000 after acquiring an additional 284 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 26.4% in the 3rd quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock valued at $9,107,000 after purchasing an additional 9,469 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in Invesco NASDAQ 100 ETF by 9,318.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,507 shares of the company’s stock worth $303,000 after acquiring an additional 1,491 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.5 %

NASDAQ:QQQM opened at $218.04 on Friday. The company has a fifty day moving average of $214.28 and a 200-day moving average of $203.77. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $221.92. The firm has a market capitalization of $43.30 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.3103 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco NASDAQ 100 ETF

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.